Professor to discuss emergency savings for low-income households

J. Michael Collins

Strategies to promote emergency savings among underserved households will be discussed in a webinar on Wednesday, October 29, from 1 to 2 p.m. by La Follette School professor J. Michael Collins, director of the university's Center for Financial Security.

While most policies, programs and research related to savings focuses on long-term savings for homeownership, education and retirement, a lack of shorter-term emergency savings leaves families vulnerable to unexpected expenses and negative income shocks. Collins will discuss research and proposals to develop financial products and services that may help low-asset households develop emergency savings and ways that policymakers and practitioners can bolster these efforts.